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FY2017 Initial Budget Request

The Ministry of Economy, Trade and Industry

  • The Ministry of Economy, Trade and Industry (METI) will make every effort to further the outcome of Abenomics.
  • The FY2017 total initial budget request amounts to approx. 1.3 trillion yen (11.7 billion US dollars).
  • Diet deliberations will commence following Cabinet approval of the budget draft.

1. Investment toward achieving the Fourth Industrial Revolution

31.5 billion yen (276 million US dollars)

2. Facilitate smooth SME business succession and improve subcontracting practices

8.6 billion yen (75 million US dollars)

3. Bolster energy conservation investment

67.3 billion yen (590 million US dollars)

METI FY2017 Initial Budget Request (Chart)

 

FY2017
Initial Budget Request

FY2016
Initial Budget

Y-Y change

General Account (excl. energy resources special account)

342.0

337.1

+4.9

 

SME support

111.6

111.1

+0.5

Science and technology promotion

101.0

97.9

+3.1

Other expenses

129.3

128.0

+1.3

Energy Resources Special Account

847.4

838.4

+9

 

Energy supply and demand

621.0

649.7

-28.7

Power source development

179.5

175.2

+4.3

Nuclear damage compensation support

46.9

13.5

+33.4

Special Account for Patents

147.2

144.6

+2.6

Total

1,336.6

1,320.1

+16.5

Reference